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Sba Comm Corp Crosses Below its 10-day MA (SBAC)

By David Diaz

Sba Comm Corp (NASDAQ:SBAC) shares have crossed bearishly below their 10-day moving average of $208.52 on a volume of 365K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Sba Comm Corp share prices have been bracketed by a low of $146.13 and a high of $213.28 and are now at $203.86, 40% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has risen 0.7%.

SmarTrend recommended that subscribers consider buying shares of Sba Comm Corp on January 11th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $168.57. Since that recommendation, shares of Sba Comm Corp have risen 24.6%. We continue to monitor SBAC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses sba comm corp

Ticker(s): SBAC